Pensions from another EU or EEA country

You may be entitled to tax relief or exemption for your contributions to a foreign pension scheme in an EU or EEA country if:

•  The Danish Tax Agency (Skattestyrelsen) has approved the scheme.
•  The foreign bank has been approved by the Danish Tax Agency.
•  You have completed a citizen's declaration.

If the conditions have been met, you can

• transfer the pension scheme to approved schemes under the same rules as for schemes offered by Danish pension providers without incurring a tax liability
• obtain tax relief/exemption for your Danish income under Danish rules

You have to pay:

• Tax on the annual returns from the pension scheme assets at a rate of 15.3%.
• Ordinary income tax or a charge if your pension is disbursed or you have it at your disposal in any other way.

You have to complete:

Form 07.056: Citizen's declaration

For your pension scheme to be approved by the Danish Tax Agency (Skattestyrelsen), you, your pension scheme and your pension provider have to meet the following conditions:

• You have to accept being taxed on regular disbursements from your pension scheme in Denmark, even if you move to another country.
• The pension scheme has to be taken out with a pension provider in an EU or EEA country (except Lichtenstein).
• The pension scheme has to correspond to a Danish tax-privileged scheme.
• The pension provider has to satisfy the requirements that have to be met by Danish pension providers and the pension provider has to undertake the same obligations.

Ask your pension provider if it will comply with the requirements that have to be met by Danish pension providers. Get the pension provider to complete:

Form 07.055: Pension provider - application for approval of non-Danish pension scheme

Both you and your pension provider can apply for approval of a pension scheme by the Danish Tax Agency (Skattestyrelsen).

If the pension provider is registered and the scheme is approved

Please complete:

Form 07.056: Citizen's declaration, which the pension provider sends to the Danish Tax Agency.

If the pension provider is registered with the Danish Tax Agency, but the scheme is not approved

Please complete and submit:

Form 07.054: Pension holder - application for approval of foreign pension scheme

If the pension provider is not registered with the Danish Tax Agency

The pension provider must complete:

Form 07.055: Pension provider - application for approval of foreign pension scheme

You must complete:

Form 07.054: Pension holder - application for approval of foreign pension scheme
   

You must submit the forms to the Danish Tax Agency.

Please send the completed form and a copy of the pension agreement to:

Skattestyrelsen
Nykøbingvej 76
Bygning 45
4990 Sakskøbing

The copy of the agreement must be in either Danish, another Scandinavian language or English. If the pension scheme is approved by the Danish Tax Agency, you will receive a certificate of approval, and we will inform your pension provider. If you are in doubt as to whether your pension provider is registered with us, and whether a pension scheme is approved, please call us on (+45) 72 22 18 18.

• Hansard Europe Limited (Ireland), scheme no. 100000083 (pension scheme providing a regular income). Approved for both company and private pension schemes.
• Swiss Life S.A (Luxembourg), scheme no. 100000121 (capital pension, private).
• Mandatum Life (Finland), scheme no. 100000180 (annuity pension), scheme no. 100000199 (pension scheme providing a regular income). Approved for private pension schemes.
• The OneLife Company S.A (Luxemburg), scheme no. 100000229 (capital pension), scheme no. 100000253 (old-age pension), scheme no. 100000237 (annuity pension) and scheme no. 100000245 (pension scheme providing a regular income). Approved for both company and private pension schemes.
• Pensions OFP (Belgium), scheme no. 100000296 (capital pension), scheme no. 100000342 (old-age pension), scheme no. 100000334 (old-age pension insurance), scheme no. 100000318 (annuity pension), and scheme no. 100000326 (pension scheme providing a regular income). Approved for both company and private pension schemes.